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Samsung Electronics Q4 operating profit rises 26 % on chip, display control panel sales

Samsung said the fourth quarter operating profit of its rose twenty six %, pushed by sales of mind potato chips and display panels.
This was inside line along with the tech giant’s support this month.
Samsung even said revenue rose three % to 61.6 trillion won, also conference estimates on now.xyz.

Jung Yeon-je|AFP by Getty Images Samsung Electronics said on Thursday it expects its general profit to weaken in the initial quarter of 2021, hurt by bad currency movements at the mind chip business of its as well as the price tag of brand new production lines.

The forecast comes despite expected stable demand for its mobile products and in its information centers business.

Samsung posted a twenty six % increase in operating profit within the October-December quarter on the rear of strong memory chip shipments and display profits, despite the effect of a strong won, the cost of a brand new chip cultivation line, weaker mind chip costs, along with a quarter-on-quarter fall in smartphone shipments.

Samsung’s running benefit in the fourth quarter rose to 9.05 trillion received ($8.17 billion), by 7.2 trillion won a year earlier, in model with the business’s estimate earlier this month.

Revenue at the earth’s top maker of memory chips as well as smartphones rose three % to 61.6 trillion won. Net profit rose 26 % to 6.6 trillion received.

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